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Engagement ring cover

For many people, getting engaged is one of their fondest memories. The ring that comes with it represents the special bond between you and your partner, so it is precious. Not to mention it is often something that required some saving to make the purchase possible. At Aviva, we understand the significance and value you put on an engagement ring.

Buying an engagement ring for that special person in your life is a big step. You likely made the decision months ago and have been carefully putting aside money ever since to make the purchase. Then comes the difficult part; actually choosing the ring. So, what are some of the things you need to consider? Introduce yourself to the five c’s:

Diamond cut:

The diamond cut doesn’t actually refer to the shape of the diamond; rather it signifies the reflective quality of the diamond. When a diamond is cut properly, it will reflect light well, giving it that beautiful sparkle.

Diamond clarity:

Diamonds contain tiny blemishes or inclusions which occur naturally. Generally these marks cannot be seen by the naked eye. The more inclusions in a diamond, the less value to the diamond.

Diamond Carat:

The carat refers to the weight of the diamond, and often the size of the diamond will correspond to this, but not always. Today, one carat is equal to 0.2 grams, which is about the weight of a paper clip. The more a diamond carat increases, the more rare the diamond is, which in turn increases the cost.

Diamond Colour:

The closer a diamond is to being completley colourless, the rarer the cut, and the higher the value. Diamonds are generally measured on a colour scale that ranges from D, which is completely colourless (and very rare!) to Z, which is a sort of light yellow. Diamonds that classify as D, E & F on the scale are considered to be the most valuable.

Diamond certificate:

A diamond certificate is vital in measuring the quality and value of your diamond. The certificate will grade the value of your diamond depending on the above characteristics. It gives you peace of mind in knowing exactly what you’re buying, and if it’s worth the asking price. The certificate will also help you regarding the ethical standards of the ring; where it came from and how it was mined.

Of course, every couple is different when it comes choosing the right ring. Some may choose to shop for the perfect ring together, and in other relationships, one partner may decide to choose themselves and have a surprise proposal. Either way, it’s a very exciting time that requires plenty of thought and effort.

Just like anything of great value to you, such as your home or car, it’s a good idea to insure it in case something unexpected happens. With Aviva, you can choose additional cover for unspecified items for:

€5,000 - Single Article Limit €1,500;

Personal Money €130;

Bicycles €500 (in any period of insurance).

€7,500 - Single Article Limit €2,500;

Personal Money €130;

Bicycles €500 (in any period of insurance).

€15,000 - Single Article Limit €3,500;

Personal Money €200;

Bicycles €500 (in any period of insurance).

Or, if you’d prefer, you can cover individual items, each for a specific amount chosen by you.

Please note that for rings valued in excess of €5,000 a copy of the valuation is required.

Does all this talk and preparation for your engagement have you fantasising about your wedding? Have a look at our article on the 8 things you didn’t know about weddings. And don’t forget, at Aviva we offer a 10% increase in contents cover for 30 days before and after the wedding of any member of your immediate family, as standard.

Feeling a bit confused about the right cover for you and your loved one? Call us in Galway on 1890 33 22 11 Monday – Friday 9am to 6pm and our dedicated team will be happy to assist you.

Other links

Aviva Direct Ireland Limited is regulated by the Central Bank of Ireland. Car insurance and home insurance are underwritten by Aviva Insurance Limited.
Aviva Insurance Limited, trading as Aviva, is authorised by the Prudential Regulation Authority in the UK and is regulated by the Central Bank of Ireland for conduct of business rules. Registered Branch Office in Ireland No 900175. Registered Branch Address One Park Place, Hatch Street, Dublin 2. Registered in Scotland No 2116. Registered Office Pitheavlis, Perth, PH2 0NH.